SHE:300446 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	9,003	7,710	5,832	4,857	151.65
Other Revenue	-	70.97	27.58	21.71	1.45
Revenue	9,003	7,781	5,860	4,879	153.09
Revenue Growth (YoY)	15.72%	32.78%	20.10%	3087.04%	16.82%
Cost of Revenue	-	6,069	4,537	3,870	93.86
Gross Profit	9,003	1,712	1,323	1,009	59.23
Selling, General & Admin	-	390.55	381.8	300.63	35.14
Research & Development	-	391.52	324.77	229.98	31.17
Other Operating Expenses	7,944	-0.63	4.62	5.43	-1.89
Operating Expenses	7,944	811.56	717.07	534.55	64.61
Operating Income	1,059	900.25	605.73	474.89	-5.37
Interest Expense	-	-12.87	-43.63	-56.9	-
Interest & Investment Income	-	24.84	5.29	13.3	11.09
Currency Exchange Gain (Loss)	-	1.95	1.34	4.28	-0.7
Other Non Operating Income (Expenses)	5.81	4.54	13.91	-8.44	-0.4
EBT Excluding Unusual Items	1,065	918.71	582.64	427.14	4.62
Gain (Loss) on Sale of Investments	-	9.06	-2.2	-0.21	2.58
Gain (Loss) on Sale of Assets	-	3.59	2.99	2.74	0
Asset Writedown	-	-6.92	-10.2	-13.58	-1.8
Other Unusual Items	-	26.91	15.05	7.13	-0.11
Pretax Income	1,065	952.22	588.28	423.74	5.3
Income Tax Expense	184.3	76.45	62.88	52.13	0.23
Earnings From Continuing Operations	880.73	875.77	525.4	371.61	5.07
Minority Interest in Earnings	-	-84.05	-102.07	-109.26	-0.08
Net Income	880.73	791.71	423.33	262.35	4.99
Net Income to Common	880.73	791.71	423.33	262.35	4.99
Net Income Growth	11.24%	87.02%	61.36%	5160.64%	-
Shares Outstanding (Basic)	845	845	681	666	203
Shares Outstanding (Diluted)	845	845	681	666	203
Shares Change (YoY)	-	24.15%	2.26%	228.46%	0.02%
EPS (Basic)	1.04	0.94	0.62	0.39	0.02
EPS (Diluted)	1.04	0.94	0.62	0.39	0.02
EPS Growth	11.24%	50.63%	57.79%	1501.63%	-
Free Cash Flow	-	603.27	407.64	407	-72.11
Free Cash Flow Per Share	-	0.71	0.60	0.61	-0.36
Dividend Per Share	-	0.280	0.100	-	-
Dividend Growth	-	180.00%	-	-	-
Gross Margin	100.00%	22.00%	22.57%	20.69%	38.69%
Operating Margin	11.77%	11.57%	10.34%	9.73%	-3.51%
Profit Margin	9.78%	10.17%	7.22%	5.38%	3.26%
Free Cash Flow Margin	-	7.75%	6.96%	8.34%	-47.10%
EBITDA	1,594	1,435	978.73	873.7	13.69
EBITDA Margin	17.71%	18.44%	16.70%	17.91%	8.94%
D&A For EBITDA	534.85	534.85	373	398.8	19.07
EBIT	1,059	900.25	605.73	474.89	-5.37
EBIT Margin	11.77%	11.57%	10.34%	9.73%	-3.51%
Effective Tax Rate	17.30%	8.03%	10.69%	12.30%	4.32%
Revenue as Reported	-	7,781	5,860	4,879	153.09

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.